Youdao (NYSE:DAO) Stock Price Down 5.3% - Time to Sell?

Shares of Youdao, Inc. (NYSE:DAO - Get Free Report) traded down 5.3% on Tuesday . The company traded as low as $7.20 and last traded at $7.19. 25,675 shares were traded during trading, a decline of 65% from the average session volume of 73,829 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Youdao from a "buy" rating to a "neutral" rating in a research note on Thursday, December 19th.

Youdao Price Performance

The company has a market capitalization of $967.48 million, a price-to-earnings ratio of 114.30 and a beta of 0.01. The stock has a fifty day simple moving average of $7.01 and a 200-day simple moving average of $5.09.

Hedge Funds Weigh In On Youdao

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its position in Youdao by 29.1% in the 4th quarter. Blue Trust Inc. now owns 8,733 shares of the company's stock valued at $65,000 after purchasing an additional 1,969 shares in the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Youdao during the 3rd quarter worth about $102,000. Finally, Renaissance Technologies LLC raised its position in shares of Youdao by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 52,300 shares of the company's stock worth $205,000 after acquiring an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 21.91% of the company's stock.

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.